Qualcomm looks beyond mobile with £2bn Wi-Fi acquisition

News

Qualcomm looks beyond mobile with £2bn Wi-Fi acquisition

Jenny Williams

US mobile phone chipmaker Qualcomm will acquire specialist Wi-Fi chip firm, Atheros Communications for $3.1bn (£2bn) to help it extend to new devices.

In a statement, Qualcomm said the acquisition will help the company expand "beyond cellular" to new device platforms.

"It is Qualcomm's strategy to continually integrate additional technologies into mobile devices to make them the primary way that people communicate, compute and access content. This acquisition is a natural extension of that strategy into other types of devices," said Paul Jacobs, chairman and CEO of Qualcomm.

Craig Barratt, Atheros president and CEO, added: "The Atheros team will build upon Qualcomm's strengths and leadership to bolster our customers' ability to deliver innovative and differentiated products in the increasingly connected world."

The transaction is expected to close before June 2011.


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.
 

COMMENTS powered by Disqus  //  Commenting policy